The state-owned Vietnam National Shipping Lines (Vinalines) will try a second public share sale of the remaining 480 million shares not purchased at its recent public offering early September, reported Vietnam News. The company said it will come back to the Hanoi Stock Exchange soon to complement its initial public offering (IPO) which attracted little interest.

Vinalines’s IPO fell short of its target of selling a 34.8% stake for $210m, raising just $2.33m (VDN 54.35 Billion) on Hanoi Stock Exchange Wednesday.

Taiwanese-owned Hong Kong-based intra-Asia feeder line is planning an initial public offering in Hong Kong, local media reported.

Vietnam National Shipping Lines (Vinalines) will auction more than 488m shares in its initial public offering (IPO) at the starting price of VNĐ10,000 ($0.43) per share.

Vietnam’s Prime Minister has approved a privatisation plan of Vietnam National Shipping Lines (Vinalines), report Vietnamese media.

Vietnam’s largest state-owned shipping firm is finally ready to be privatised through an initial public offering (IPO) in the middle of the year, according to Vinalines acting ceo Nguyen Canh Tinh. 

Malaysian oil and gas player Sapura Energy has confirmed recent speculation that it was planning to list its exploration and production (E&P) business.

Shipping unit of Indonesian port operator Pelindo II, Jasa Armada Indonesia, is expecting to raise about IDR924.3bn ($68.5m) in fresh funds after setting its initial public offering (IPO) price at between IDR325 to IDR530, local reports said.

Thailand’s newly-listed Prima Marine (PRM) is planning to double the size of its fleet over the next three years, including the purchase of at least one VLCC and two FSO vessels, reports said.

Danish institutional investors are suing banks Morgan Stanley and Carnegie over the IPO prospectus of bankrupt OW Bunker.

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